The Business Times, 8 January 1994
1994-01-08
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The Business Times
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Title Section13 1994-01-08 1 Business Times MITA(P) 010/12/93 Weekend Edition, January 8-9 1994 WE KNOW ASIA 75*13 words
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Article, Illustration290 1994-01-08 1 Paul Leo - Singapore market dives 81 points before regaining some lost ground By Paul Leo SINGAPORE The region's stock markets took another beating yesterday, as investors took profit amid talk of institutions moving their money into Japan. In Singapore, the Straits TimesSource: Bloomberg - 290 words
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290 1994-01-08 1 Anthony Rowley - From Anthony Rowley in TOKYO STOCK prices surged by 1.4 per cent towards the close of trading on the Tokyo Stock Exchange yesterday, pushing the Nikkei Average back above the psychologically important 18,000 level. But the recovery was partly technical. After volatile price movements in290 words
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552 1994-01-08 1 Amy Balan - By Amy Balan SINGAPORE Several broking firms have slapped trading restrictions on their dealers and remisiers which include a ban on contra deals, restrictions on trading of Malaysian stocks, and no opening of new accounts. In some cases yesterday, only sell orders552 words
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159 1994-01-08 1 SYDNEY Thousands of people were being evacuated to safety early this morning, or were fleeing in panic as Australia's worst bush fires in a decade set homes ablaze in Sydney suburbs. "We have never had to face fires of this magnitude159 words
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514 1994-01-08 1 Catherine Ong - From Catherine Ong in HONGKONG CHINA threatened yesterday to retaliate following Washington's decision to cut quotas on imports of Chinese textile products by as much as 35 per cent. "If the US side takes this action regardless, the Chinese side514 words
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368 1994-01-08 1 Shiv Taneja - By Shiv Taneja SINGAPORE United Overseas Finance (UOF), the finance arm of United Overseas Bank, yesterday lifted interest rates on its fixed deposits and savings accounts. UOF now pays out between 0.5 per cent (for one month) and one per cent368 words
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2 am LATEST
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Article45 1994-01-08 1 AFP NEW YORK Wall Street was up slightly in noon trading as long-term interest rates slipped further on news that fewer jobs than cxpccted were created in December. The Dow was up 8.16 points at 3.812.04 at Ipm EST. AFPAFP - 45 words
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50 1994-01-08 1 AFP PARIS The French government is to offer 22 million shares in the state-owned oil group Elf Aquitaine to long-term private shareholders. Economy Minister Edmond Alphanderv said in a statement yesterday. The offer represents 8.5 per cent of the company's share capital. AFPAFP - 50 words
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47 1994-01-08 1 Reuter WASHINGTON US Agriculture Secretary Mike Espy will meet his Canadian counterpart today in Toronto on several agricultural trade disputes. an aide said. The list includes US complaints about wheat and peanuts exported by Canada and protection of some domestic products.Reuter - 47 words
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50 1994-01-08 1 UPI NEW YORK The international outplacement consulting firm. Challenger. Gray Christmas Inc. said yesterday that US corporations sent out 54 per cent fewer pink slips during December than the previous month, sending the overall total down to its lowest level in seven months. UPIUPI - 50 words
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Article, Illustration118 1994-01-08 1 Stock market indices Friday Chang* STII 2.366.40 -21.86 KLSE Composite ...I 190.73 -57.% Nikkei 18.124.01 +242.02 Hang Seng 11.001 48 -373.02 SET Index 1.575.43 -92.5I Jakarta Composite ..607.69 -1.63 CLSA China B 1 461.86 -19.34 Ausl All Onl 2.186 0 -14 3 FTSE 100 3.446.0 43 Friday Previous118 words
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Page 1 Advertisements
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Advertisement13 1994-01-08 1 Lifestyle Cover Story: el i Another year, another resolution? Full report, Page 413 words
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Advertisement12 1994-01-08 1 Regional stockmarkets: el 4 What fund managers say Full reports. Pages 12-1612 words
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Advertisement22 1994-01-08 1 Precious metals: ml 5 Start of major buQ )vn HOCK LOCK SIEW: Time for Tokyo to pick up the ball. Page 622 words
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Advertisement130 1994-01-08 1 Movies coming your way: el 6,7 Striding the right chord Jd9 Singapore-Hongkong business network finds support from listed companies, Page 7 '*fv HI i l li\ i i: JH IF W TFmMw wf Self-winding "MARINH* watch, water-reiirtant, individually numbered. In tribute to A.-L. Breguet'a appointment as "Hor loger de la130 words
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Advertisement54 1994-01-08 1 Newt Cenpaaies S pore News 2 S'po»i*r sa W Regional News 3 Fraud 9.10 Region/World 4 World 5 Markets Features CW/KLSE. SES 14 16 PI EL4.5 fe*»nal 12 Reviews EL6.7 Wodd 12 Sports 0.8 Cerreeoes ...10 TV Radio El 12 Siiw/Commo —11 SafeoWea Id 1100 *****77 Fax *****75 BT Editorial54 words
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SINGAPORE NEWS
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314 1994-01-08 2 Ramesh Divyanathan - By Ramesh Divyanathan A LAW Society committee looking into the issue of small law firms in Singapore is expected to report its findings to taw Minister S Jayakumar within three months. The report on how to reduce the314 words
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202 1994-01-08 2 TIGHTER rules will be introduced by the Public Utilities Board from Feb 1 this year to Enhance the safety of the gas supply. The board said yesterday that anyone working on any part of a gas pipe would have to take steps202 words
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Article, Illustration101 1994-01-08 2 THE Minister of State for Finance and Communications, Cdre (NS) Teo Chee Hean (left) and Dr Hong Hai, watching the unveiling of the semi-circular "Rainbow" sculpture at the official opening of Pidemco Centre yesterday. The $100,000 bronze sculpture by Taiwanese Chern Lian Shan rises from101 words
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129 1994-01-08 2 Reuter TEMASEK Holdings Pte Ltd has as yet made no decision on taking a stake in New York's five-star Hotel Millenium, a Temasek official said. In a written response to questions from Reuters. Temasek senior vice-president Tan Siew KhoonReuter - 129 words
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NEWS ROUNDUP
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40 1994-01-08 2 THE Public Transport Council yesterday issued a reminder that taxi passengers need not pay the Area Licence Fee, or share the fee, if a cab already displays a valid daily or monthly area licence.40 words
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Article50 1994-01-08 2 THE Delta Sports Complex Project will hold its first anniversary celebration tomorrow. More than 3,500 people will take part in the celebration, which will include a jog/walk, bodybuilding competitions. hockey and badminton. Admission to the Delta Swimming Complex will be free between 12 noon and spm.50 words
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Article, Illustration88 1994-01-08 2 AUDEMARS PIGUET Singapore and Cortina Watch Centre opened a S3O million exhibition of watches on Thursday. The Audemars Piguet Lc Brassus event named after the region of Switzerland where the original factory is located includes some of the world's rarest watches. One of them, the88 words
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Page 2 Advertisements
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Advertisement45 1994-01-08 2 1 Q ANNIVERSARY FOUNDER Before, "we produce to compete." Today, "to compete, we produce." Where can you find the most AFFORDABLE carpets with the most MAGNIFICIENT range with Incredible discount and RELIABLE quality. Who can give you a better deal plus unparalleled quality and service!45 words
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Advertisement25 1994-01-08 2 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. SINGAPORE m Business Times WE KNOW ASIA25 words
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Page 2 Miscellaneous
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Miscellaneous371 1994-01-08 2 WEATHER Smgaport: Showers over several areas in the late afternoon and early evening. (Temperature range: 24-32). Mt/la' Cm*. Em* Hi/la* C—t Buenos Am 29/18 Showar, AuoaarW 24/18 Clear Amsterdam 03/0 Clear Chicago 3/4 Cloudy Banket. 34/19 Clear Athens 12A« Showers Honolulu _.Z" "y/m CWuOy Be*ng 02/9 Cloudy Bern. 02/3 Clear371 words
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THE REGION
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578 1994-01-08 3 AFP, Reuter JAKARTA Indonesia's annual budget has been praised by bankers although they queried the government's assumed oil price base of US$l6 (5525.40) per barrel and said they would wait to see the effectiveness of resource allocation. President Suharto, who onAFP,; Reuter - 578 words
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Article, Illustration416 1994-01-08 3 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Indonesia's annual economic growth in the next five years is likely to average 7 to 7.5 per cent, says American securities firm Merrill Lynch. The forecast, in a special report on the country, is higher than theSource: Lynch - 416 words
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512 1994-01-08 3 Alan Boyd - From Alan Boyd in BANGKOK THAILAND has offered to host high-level Asean talks on the development of the AsiaPacific Economic Co-operation forum (Apec). as it steps up efforts to keep financial services out of the regional consultative group's512 words
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ASIA NOTES
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Article75 1994-01-08 3 Reuter BANGKOK Thai Interior Minister Chavalit Yongchaiyudh said yesterday that he was giving up his second job as Labour Minister. "I submitted a letter of resignation to the Prime Minister this morning." he told reporters. His deputy at the ministry, Paitoon Kaewthong, who is alsoReuter - 75 words
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Article63 1994-01-08 3 Bloomberg Business News TOKYO Eager to revive the property market, the Japanese government will offer low-interest loans to real-estate developers buying land in Tokyo. Osaka and Nagoya. the Nihon Keizai newspaper said yesterday. The government will also prov ide more funding to public housing projects to makeBloomberg Business News - 63 words
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91 1994-01-08 3 AP SEOUL South and North Korea are expected to exchange special envoys soon to discuss the denuclearisation of their divided peninsula, government officials said here yesterday. The exchange would be a re-opening of inter-Korea dialogue, broken off in 1992 because of nuclear tensions. It couldAP - 91 words
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166 1994-01-08 3 Bernama KUALA LUMPUR Japan must make a "logical decision" regarding its position and commitment towards the Aseaninitiated East Asian Economic Caucus (EAEC), Malaysian Deputy international Trade and Industry Minister Chua Jui Meng said yesterday. "The private sector of Japan is supportive of theBernama - 166 words
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268 1994-01-08 3 AFP Reuter HONGKONG A Sino-Brit-ish row over Hongkong's civil service flared up yesterday with Beijing accusing Governor Chris Patten of mixing the territory's economic well-being with their long-running political dispute. China's top official responsible for Hongkong, Lu Ping, said the colonial governmentAFP; Reuter - 268 words
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Article, Illustration46 1994-01-08 3 Reuter HANOI A Vietnamese trader waiting for business near Hoan kiem lake in central Hanoi yesterday. She earns 15,000 dongs (552.40) a day selling pesticides and offers customers a turn on her scales for "weight health control" as a sideline. ReuterReuter - 46 words
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486 1994-01-08 3 Reuter KUALA LUMPUR A drastic drop in proposed foreign investment in Malaysia last year is unlikely to hurt its robust economy until 1996. and even then the government's huge infrastructure spending could compensate for the losses, analysts said. "We may feel theReuter - 486 words
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Page 3 Advertisements
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Advertisement396 1994-01-08 3 Executive Positions Project Finance Debt Syndications a Financial Analyst Deutsche Bank (Asia Pacific) Ltd is the Singapore based merchant bank subsidiary of Deutsche Bank AG. We are expanding our regional activities and seek experienced individuals to join us. Project Finance We are looking for an executive with at least 5396 words
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THE REGION/WORLD
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600 1994-01-08 4 December figure a further sign of US economic recovery AP Bloomberg Business News Reuter WASHINGTON The United States unemployment rate fell to its lowest level in three years, the government said yesterday, a further testimony of the country's slow but firmAP; Bloomberg Business News; Reuter - 600 words
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165 1994-01-08 4 Reuter MIAMI David Mullins Jr. vice-chairman of the board of governors of the United States Federal Reserve System, hinted that the Fed would take action to keep inflation low. "I don't think that one can wait until inflation is clearly imbedded toReuter - 165 words
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493 1994-01-08 4 BEIJING The authorities in China are rushing emergency supplies of grain to eight populous provinces and three major cities to forestall unrest that they fear might be precipitated by rocketing food prices, according to a report in the South China Morning Post493 words
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236 1994-01-08 4 AP LONDON The International Atomic Energy Agency is still waiting to hear from North Korea about a reported deal with the United States to open its nuclear facilities for inspection, a spokesman for the United Nations-sponsored organisation said. "We have upAP - 236 words
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201 1994-01-08 4 AFP PARIS The French economy emerged from recession a few weeks ago. Prime Minister Edouard Balladur said yesterday. In a New Year message to the press, he said: "Since a few weeks ago. the economy of our country has no longer been inAFP - 201 words
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Article, Illustration645 1994-01-08 4 Reuter SYDNEY Firestorms yesterday raged through wooded suburbs only 10 kilometres from the centre of Sydney, Australia's largest city, destroying dozens of homes and sending residents fleeing in fear and panic. Emergency officials said at least 67 houses were alight in Sydney'sReuter - 645 words
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431 1994-01-08 4 AFP PARIS Israeli and Palestinian negotiators, who this week held marathon talks here on economic cooperation in the occupied territories, could reach an agreement during their next round of discussions, an Israeli source predicted on Thursday. "We hope next week perhaps not only for anAFP - 431 words
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350 1994-01-08 4 AFP Bloomberg Business News BEIJING China is to introduce its first minimum wage for urban employees to counter widening salary discrepancies and prevent exploitation by foreign investors, it was reported yesterday. The minimum limit will vary between municipalities and provincesAFP; Bloomberg Business News - 350 words
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247 1994-01-08 4 AP PARIS France yesterday intensified its call for Americanbacked military intervention in Bosnia after five more French peacekeeping troops were wounded in a new wave of Serb artillery attacks. France wants next week's North Atlantic Treaty Organisation (Nato) summit in BrusselsAP - 247 words
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292 1994-01-08 4 Reuter WARSAW Defence chiefs of four East European countries yesterday welcomed a Nato plan offering them closer military links with the alliance, but demanded assurances that it was a step towards full membership. The defence ministers of Poland. Slovakia andReuter - 292 words
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Page 4 Advertisements
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Advertisement10 1994-01-08 4 •US says Nato could accept East Europe members. Page 510 words
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THE WORLD
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449 1994-01-08 5 Reuter WASHINGTON The US has accused Japan of thwarting bilateral trade negotiations, saying Tokyo was "totally resisting any serious dialogue" on the question of car imports. Undersecretary of State for economic affairs Joan Spero told reporters on Thursday that there had been littleReuter - 449 words
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468 1994-01-08 5 Reuter MILWAUKEE US VicePresident Al Gore said Nato could be eventually enlarged with new East European members whose security was inextricably linked with that of the United States. Speaking on Thursday to an audience that included Americans of East European descent,Reuter - 468 words
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318 1994-01-08 5 AP LAS VEGAS The race to develop more powerful communications networks is threatened by the chance that some companies could control the services available on them, a top American Telephone and Telegraph executive warned industry officials on Thursday. Companies must decide whetherAP - 318 words
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WORLD WATCH
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92 1994-01-08 5 Reuter WASHINGTON Saudi Arabia needed more time to pay for some US$3O billion (Ss4B billion) in US weapons it had ordered and was asking to stretch out payments, the Washington Post reported yesterday. The newspaper said Saudi ambassador Prince Bandar bin Sultan, a memberReuter - 92 words
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Article, Illustration54 1994-01-08 5 Translate this it fits in your pocket Reuter LAS VEGAS Alba Richman of Seiko Instruments holding a European Translator at the Consumer Electronics Show here on Thursday. The device translates between five languages English, German. French, Spanish and Italian allowing the user to enter a word in any language andReuter - 54 words
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Article63 1994-01-08 5 Bloomberg Business News PARIS France's seasonally adjusted trade surplus narrowed to 8.70 billion French francs (552.4 billion) in October from 9.91 billion francs in September, a spokesman for the Customs Department said. Exports fell to 96.58 billion francs in October from 101.68 billion in September, whileBloomberg Business News - 63 words
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Article67 1994-01-08 5 Bloomberg Business News LONDON UK companies that went into receivership fell 36.8 per cent in 1993 to 3,226, accountancy firm Touche Ross said. It said this indicated Britain was emerging from recession. According to Christopher Morris, senior insolvency partner with Touche, "if the present trends continue,Bloomberg Business News - 67 words
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Article, Illustration60 1994-01-08 5 Reuter LONDON The British government launched a campaign on Thursday aimed at curbing the alarming incidence of drug and solvent abuse among children with this booklet, the front cover of which features a family conversing on the subject. It carries a potent warningReuter - 60 words
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312 1994-01-08 5 Bloomberg Business News NEW YORK Smaller retailers' December sales mirrored those of larger companies as consumers scooped up home furnishings and snubbed fashion apparel, analysts said on Thursday. Standouts for the month included Haverty Furniture Co. whose same-store sales roseBloomberg Business News - 312 words
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237 1994-01-08 5 Reuter WASHINGTON The International Monetary Fund (IMF) is considering a proposal to alter some of its lending guidelines in a move that could free billions of dollars for debt reduction by developing countries. international monetary sources said. The move, which met withReuter - 237 words
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314 1994-01-08 5 Neville Stack - From Neville Stack in LONDON ALARMED by the rising tide of truancy and classroom violence, especially in the cities. Britain's Education Secretary has issued guidelines on how schools should tackle the problem of discipline. But teachers' organisations have declared his "crackdown" to be314 words
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Article1597 1994-01-08 5 City ffd* ET> Citj OEM CT» Fl»t HP Abti Dhabi GA860 2000 SQ325 1815 LH779 2359 fcnsterdam KL837 1540 KL844 0535 Fakaoka SQ989 1705 SQ990 0110 S S SRI83 2M0 SZ— rxrrr CA978 0930 SQ347 1735 ttowoi SQ175 1905 SQ176 1130 Auckland NZ21 1710 NZ36 00551,597 words
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COMPANIES & MARKETS
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357 1994-01-08 6 Corinne Kerk - By Corinne Kerk SINGAPORE Homegrown Nippecraft Pte Ltd, a leading maker of corporate diaries and organisers, has applied for listing on the local bourse. Sources say it hopes to launch its public offer by the first half of357 words
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288 1994-01-08 6 SINGAPORE Construction engineer Low Keng Huat (Singapore) plans to take on several major projects in South China through a newly-acquired subsidiary in Singapore. Low Keng Huat International (LKHI). Through LKHI, Low Keng Huat will subscribe for 50 per288 words
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278 1994-01-08 6 SINGAPORE Stock market information you can carry that's what a new paging service promises people on the move. Stock Page Service, to be launched on Monday, will be available to those with the Motorola Advisor pager. The service, owned by278 words
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312 1994-01-08 6 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange yesterday reminded investors that loan stocks are fixed income securities with interest earned as their only returns. Investors punting on loan stocks have had their fingers burnt over the past three days owing to theirBernama - 312 words
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Article, Illustration779 1994-01-08 6 Shiv Taneja - HOCK LOCK SIEW By Shiv Taneja SINGAPORE Things have come to such a pretty pass in the Japanese stockmarket that the slightest hint of fiscal relief sent the Nikkei 225 past the "psychological" 18.000-mark yesterday. AlthoughSource: Bridge Info - 779 words
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Article, Illustration310 1994-01-08 6 Sylvia Wong - By Sylvia Wong SINGAPORE Retail giant Metro has renewed its lease as anchor tenant of the Paragon Shopping Centre in Orchard Road. It said yesterday that its new lease with Paragon's owner, Tararone Investments, would run from April this year to March310 words
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Article, Illustration335 1994-01-08 6 Source: Bridge Info Performance of STU's Index stocks Jan 7 Last StiM liin Slock salt Clm (actor Movers Avimo 2 380 0.050 I 48 -3.36 CAC 8 500 -0.450 5.27 30 20 CWT 3.260 0 060 2.02 -4.03 Ccrcbos 7600 0 200 4.71 -13.42 FAN 16 600 -1000 10Source: Bridge Info - 335 words
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COMPANIES
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COMPANY BRIEFS
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Article54 1994-01-08 7 SINGAPORE GK Goh Stockbrokers Pte Ltd has increased its authorised share capital from $20 million to $50 million, and its issued and paid-up capital from $15 million to $30 million, through the allotment and issue of 15 million shares of 1 each to parent54 words
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33 1994-01-08 7 SINGAPORE The Stock Exchange of Singapore has asked Inno-Pacific Holdings if it knew of any reason for the sharp increase in its share price and volume yesterday.33 words
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Article36 1994-01-08 7 SINGAPORE Causeway Investments has told the Stock Exchange of Singapore that it is not aware of any reason for the substantial increase in its share price and trading volume on Thursday.36 words
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Article44 1994-01-08 7 SINGAPORE The Stock Exchange of Singapore relocated to new premises on Jan 3. Its address is: 20 Cecil Street #26-01/08, The Exchange, Singapore 0104. The Central Depository will transfer its operations to sixth floor of The Exchange on Feb 5.44 words
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Article30 1994-01-08 7 SINGAPORE The Stock Exchange of Singapore yesterday approved in principle the proposed private placement of six million Compact Metal Industries shares of 10 cents each.30 words
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50 1994-01-08 7 SINGAPORE Lua Cheng Eng resigned as a director of Sembawang Maritime Ltd on Jan 1, according to a company statement issued yesterday. No reason was given. SML said Mr Lua would remain a director of Sembawang Shipyard Ltd and Sembawang Holdings Pte Ltd.50 words
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Article62 1994-01-08 7 2 Clob quotes for Land General KUALA LUMPUR Land and General Bhd said yesterday there will be two quotations for its shares on Clob International from Jan 11. Those entitled to dividends for the financial year ended Dec 31 will be quoted as Land and General Bhd shares. Those not62 words
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230 1994-01-08 7 Bernama KUALA LUMPUR Sime Darby Bhd said yesterday its proposed merger with Consolidated Plantation Bhd is expected to result in a marginal dilution in earnings for the Sime Darby group for the current financial year ending June 30. Bumiputra Merchant Bankers Bhd, on behalfBernama - 230 words
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Article828 1994-01-08 7 Meuews' prkes Jan 8 10 Umbond-t- 1.025 i.05xd United Gr Fund! 1.71 1.78*d Singapore Unit Trust united Asia Fund 2.04 2.i4»d* The Commerce 1.88 1.97 NTUC Income S^ore^ProJfFun? tt77 Ml Bond Policy 4.84 5.01 S pore Sec Fund 1.15 1.21 Prildwtlai S;pore Invest Fund 1.35 1.42 PruLink Mgd Fund 1.50828 words
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359 1994-01-08 7 Schutz Lee - By Schutz Lee SINGAPORE A platform to facilitate networking between Singapore and Hongkong business people is in the works. Already, the proposed Hongkong-Singapore Business Association here has gained the support of several public-ly-listed companies in Hongkong and Singapore with interests in both markets. The359 words
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238 1994-01-08 7 AFP KUALA LUMPUR Malaysia's stock exchange yesterday said that share scrip of 24 listed firms with a paper value of USS4 million (556.4 million) found strewn after a fatal road accident have been reported lost and would thus have no value.AFP - 238 words
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150 1994-01-08 7 MANILA Philippine food group RFM and Indonesian counterpart Hero will promote their products more aggressively in the Asean region. RFM president Jose Conception and Hero chief Ipung Kurnia have signed a pact under which each company will use the other's strengths150 words
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211 1994-01-08 7 Bernama KUALA LUMPUR Tenaga Nasional Bhd (TNB) will hold a 10 per cent stake in Port Dickson Power Sdn Bhd (PDP), the 440 MW gas-fuelled open cycle power station project in Tanjung Gemok, Port Dickson. Replying to a Kuala LumpurBernama - 211 words
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Article, Illustration188 1994-01-08 7 AFP JAKARTA Indonesia's Capital Market Supervisory Board (Bapepam) has fined 15 broking firms at the Jakarta Stock Exchange (JSE) for submitting late annual reports. Bapepam said in a statement yesterday that 13 firms were fined 10,000 rupiah (557.50) forAFP - 188 words
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474 1994-01-08 7 MBT KUALA LUMPUR Permodalan Nasional Bhd (PNB) has set a long-term target: to invest 10 per cent of its funds overseas, from the present 2.5 per cent. The group also plans to set up an Asean fund by mid-1995 to channel some investmentsMBT - 474 words
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313 1994-01-08 7 Bernama KUALA LUMPUR Muhibbah Engineering (M) Bhd, which is seeking a listing on the Kuala Lumpur Stock Exchange main board, is forecast to register a consolidated pretax profit of M$ 18.19 million (S$ 11.1 million) for the year endingBernama - 313 words
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375 1994-01-08 8 Reuter BOMBAY The campaign to tame India's turbulent bourses has reached a flashpoint with the powerful brokers deciding to defy attempts at reform and regulators threatening tough action. The Securities and Exchange Board of India (Sebi), regulator of the country's capital markets, onReuter - 375 words
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328 1994-01-08 8 Bloomberg Business News DETROIT General Motors Corp will post its first overall net profit since 1989 when it issues its 1993 financial results within the next several weeks, according to GM president John F Smith. In an interview with BloombergBloomberg Business News - 328 words
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Article, Illustration379 1994-01-08 8 Reuter COLOMBO Sri Lanka's small but prosperous stock market yesterday broke through the 1,000-point barrier, with brokers and analysts predicting a boom year despite sharp falls in regional markets. The Colombo Stock Exchange (CSE) All Share Price Index closed at 1007.1Reuter - 379 words
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244 1994-01-08 8 AFP DETROIT, Michigan Automotive Components Group, a General Motors subsidiary, said on Thursday it was forming a joint venture with two Chinese companies to make and sell automobile electrical systems. ACG will join Wan Yuan Industry Corporation and Beijing Economic TechnologyAFP - 244 words
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SHIPS IN PORT
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Article396 1994-01-08 8 Vessel Voy No Berth Airivii Departure Vessel Voy Wo Berth Armd Deportee Marina Wharves *w>i»ta tip 06/94 poia osoi/oeoo 0101/1430 Bataromdo 2 2247S* M01 alongside 07.01/1900 Map V Hua 01/94 P04 0801/0700 08.01/2300 Batamindo 1 1447** M01 07 01/2300 08.01/0500 Manne/P 08/01* P01* 08.01/1500 08.01/2000 Aust Grand396 words
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Article514 1994-01-08 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Slip Voir No Containers ivabbte SNp Voy Wo Contwwn miabte Pancaran S«i 004 06.0194 0715 E Con* RE058 COO(EST) 07 01 94 1500 Marched Ms 9402 06.01 94 0730 Lna Ms 9401 COO(EST) 07 01.94 0700 Ned Rosano 3235 06.01 94514 words
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1414 1994-01-08 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aci lade 171* 09/0500 2 07/1/00 08/0659 08/0900 3 08/0700 08/1159 08/1*00 Ad Gonchiro* 01AD94 10/0900 3 08/0700 08/1159 08/1400 4 08/1200 08/14591,414 words
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FINANCE & COMMODITIES
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315 1994-01-08 9 Call for unnecessary legal costs to be removed Reuter CHICAGO The International Swaps and Derivatives Association has called for changes to proposed guidelines on derivatives drawn up by the Bank for International Settlements. The association, responding to proposals drawn up by the bank'sReuter - 315 words
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Article, Illustration192 1994-01-08 9 Bloomberg Business News FRANKFURT The Deutsche Bundesbank's decision on Thursday to extend its fixed 6 per cent rate for securities repurchase contracts underscores the central bank's aim of steady monetary policy, said Hans Tietmeyer, Bundesbank president. "We wanted to makeBloomberg Business News - 192 words
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278 1994-01-08 9 AFP ABU DHABI Arab states are trying to save their banks abroad from possible collapse brought about by emerging giant banking blocs in a single European Community market, Arab bankers said on Thursday. Arab bankers will meet their EC counterparts in ViennaAFP - 278 words
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SMALL CHANGE
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99 1994-01-08 9 Reuter LOS ANGELES The creation of a single bank regulator, as proposed by the Clinton administration, could threaten the independence of America's central bank and eliminate the system of checks and balances provided by the multi-regulator structure, an official of the Federal Reserve Bank ofReuter - 99 words
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88 1994-01-08 9 Reuter SEOUL South Korea's Hanil Bank said it acquired foreign currency denominated assets worth US$l99 million (Ss3l6 million) from the Seoul branch of Westpac. It said the assets, which comprise US$9O million in offshore financing, US$66 million in foreign currency denominated loans to domestic companiesReuter - 88 words
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Article80 1994-01-08 9 Bloomberg Business News CHICAGO Magic Line Inc and Cash Station Inc, two automated teller networks operating in the Midwest, have agreed to combine to form the fifth-largest cash-machine network in the country. Magic Line, which comprises more than 4,000 machines in Indiana andBloomberg Business News - 80 words
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273 1994-01-08 9 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Another finance company has joined the growing number of firms offering easy car loans. United Overseas Finance, the listed arm of United Overseas Bank, will offer a new package, Flexi UniDrive, from Monday. Apparently cashing273 words
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457 1994-01-08 9 Bloomberg Business News LONDON Lloyd's of London expects investors to underwrite more than £10.5 billion (5524.9 billion) of insurance this year, chairman David Rowland said. The increase on the £8.8 billion underwritten in 1993 "gives us a public affirmation that people believe in theBloomberg Business News - 457 words
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585 1994-01-08 10 Increased volume and liquidity draw interest: exchange chief Bernama KUALA LUMPUR The Kuala Lumpur Commodity Exchange, the region's premier bourse for commodity futures trading, having enjoyed a good year in terms of record turnover on the crude palm oil futures contract, isBernama - 585 words
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500 1994-01-08 10 Reuter LONDON The Organisation of Petroleum Exporting Countries kept a lid on its crude oil supply in December, staying close to its quota of around 24.6 million barrels per day (bpd), industry analysts said on Thursday. Volume was within 100,000Reuter - 500 words
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Article, Illustration336 1994-01-08 10 DBS Weekly Currency Review US$/DM: bullish dollar view intact THE greenback continued its rally into the New Year, reaching a high of 1.7443 on Tuesday before correcting to a low of 1.7330 on Wednesday. Buying interest then resumed, lifting the unit to 1.7450 on Thursday.336 words
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276 1994-01-08 10 Bloomberg Business News. CARMEL, Indiana Conseco Capital Corp said it closed the first, US$45O million (Ss7ls million) segment of a planned US$6l5 million limited partnership that will acquire life insurance and annuity companies. Conseco and the California Public Employee Retirement System (CalPers) areBloomberg Business News. - 276 words
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184 1994-01-08 10 Reuter HONGKONG The use of Chinese Foreign Exchange Certificates (FECs) has returned to normal in the southern boom town of Guangzhou after residents dumped them, fearing a major devaluation, a Beijingcontrolled newspaper reported yesterday. FECs, introduced 13 years ago for overseas visitors withReuter - 184 words
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Article, Illustration149 1994-01-08 10 THE US$/yen once again proved volatile yesterday as US$ was first sold on stop-loss orders but subsequently recovered on purchases by trust banks and offshore funds. The US$/S$ saw a huge demand for S$ from morning trade but local banks aggressively mopped up excess US$149 words
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Article183 1994-01-08 10 Reuter LONDON The dollar was at the bottom of its range in late European business but the underlying mood was still bullish despite a mildly disappointing set of US December jobs data. Non-farm payrolls rose a slightly less-than-expected 183.000 after a revised November increase of 202.000 and compared withReuter - 183 words
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227 1994-01-08 10 Reuter DUBAI Gulf Arab economies start 1994 with a difficult road looming ahead and governments struggling with low oil prices and budget deficits. Economists say the 1993 collapse of oil prices to fiveyear lows of just above USSI3 perReuter - 227 words
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Article84 1994-01-08 10 AFP NEW YORK The dollar fell against the major currencies yesterday in moderately active trading. Around 9:15 am (1415 GMT), the dollar traded at 1.7330 German marks against 1.7440 on Thursday, at 111.95 yen against 112.50 yen. In London, the dollar traded at 1.7410 marks and at 112.25AFP - 84 words
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Article, Illustration1648 1994-01-08 10 11adf-wash/til imk iiiUiilahti atunt\i S'pmr\ lif> 14 iraJmt parTmr\ Hum- i.W /«¥< US$/S$ forward rates Noon Jan 7 s$ Bid Oder I-month 1.5977 1 5992 -month ***** 1.5999 Vmonth ***** 1600? 6-month ***** 1.6025 StHinv (K M Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m mIm7: Singapore dollars to1,648 words
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COMMODITIES & FUTURES
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1328 1994-01-08 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures pared early gains yesterday following a surprise recovery in the Tokyo share market, and jittery dollar/yen trading. Buying was initially fuelled when the Nikkei index hovered below psychological support at 18,000 points, and theReuter - 1,328 words
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Article587 1994-01-08 11 COMMODITY REPORTS Tin MALAYSIAN tin closed 10 sen down at MS 12.19 a tonne yesterday. reflecting a lower London market overnight and higher oflers. traders said. They noted an opening offer of 95 tonnes against bid of 30. Final turnover was 80587 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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73 1994-01-08 11 HONGKONG China will continue to stabilise prices of grain. edible oil and other staples early this year, following soaring prices in November and early December, the China Daily reported yesterday. The government in December sold 2.5 million tonnes of grain from state reserves and73 words
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58 1994-01-08 11 HONGKONG China's total steel production is likely to top 90 million tonnes this year, compared with 88.3 million tonnes in 1993, the China Daily reported. The government has set a steel target output of 93 million tonnes for 1994. the article said,58 words
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Article78 1994-01-08 11 TAIPEI Taiwan bought a total of 918.000 tonnes of wheat last year, up 2.8 per cent from 893,000 tonnes in 1992, an official at the Taiwan Flour Mill Association said yesterday. Food-related companies registered to import a total of more than 935.000 tonnes for78 words
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Article67 1994-01-08 11 TOKYO Warehouse stocks of coffee at Japan's three main ports totalled 76,635 tonnes at the end of November, down from 86.986 tonnes a month earlier, said the Ministry of Agriculture. Forestry and Fisheries. Stocks of Brazilian coffee were 16,928 tonnes at the end of November, down67 words
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68 1994-01-08 11 TOKYO The average retail price of kerosene in Japan fell, while petrol and gas oil prices remained flat from Dec 20. said the Institute of Energy Economics. The average price of high-octane petrol was 139 yen per litre; regular petrol 122 yen, and gas oil68 words
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Article1564 1994-01-08 11 Rubber HAS Cowdity Excfcangt (tuturrs ctoing as at lpm) i$S 1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 94 131.25 130.00 130.00 650 2,650 Mar 134.50 132.50 132.25 700 6,775 Apr 136.00 134.25 134.00 450 5,650 May 136.00 135.25 135.25 450 5.8001,564 words
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REGIONAL STOCK MARKETS
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Article1205 1994-01-08 12 -14.3 THE Australian share market fell for the first time in more than two weeks, as nervous investors took profits on major stocks. "After such solid runs, it's not surprising the market took a step back and found some attractive profits." one broker said. The All Ordinaries index closed1,205 words
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Article589 1994-01-08 12 -133.77 The Philippine stock market corrected again yesterday but brokers insisted this was natural and even healthy, coming after weeks of hitting record highs. The Manila stock exchange composite index was down 133.77 points or 4.1 per cent to close at 3,159.56 points while the index at the Makati589 words
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Article547 1994-01-08 12 -253.93 Taiwan stocks dipped 3.9 per cent on heavy profit-taking in a correction from a bull run which saw the index soar 23 per cent in the previous eight sessions. The index opened slightly higher but soon fell and ended 253.93 points down at 6,200.59. Turnover remained hectic but547 words
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Article293 1994-01-08 12 +53.12 The New Zealand share market closed on a 51-month high after solid afternoon trade. The NZSE capital index finished 53.12 points higher at 4,719.87. Volume was worth NZ$56 million. Forestry stocks continued to lead the market, although brokers said interest in all the leaders was high. Overseas293 words
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Article448 1994-01-08 12 +2.08 The stock market closed higher for the third consecutive session despite selling pressure from the Korea Stock Market Stabilisation Fund (KSMSF) which eclipsed an early 11.37 point advance. brokers said. "As the market climbed over the 900 mark, the KSMSF began selling their holdings." said Kim lk Rae448 words
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Article55 1994-01-08 12 152.73 Share prices continued to rise in after trading hours kerb deals as brokers executed accumulated orders, brokers said. The Bombay Stock Exchange 30-share index was revised upwards to close at 3.662.20, up 152.73 points or 4.3 per cent. The IOG-share national index gained 53.33 points or 3.1 per55 words
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WORLD STOCK MARKETS
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Article827 1994-01-08 12 +43 A HUNT for stocks which have under-performed and a squeeze on FTSE futures sent London equities soaring in afternoon trading and strategists said the positive trend was set to continue. The FTSE 100 closed up 43 points at 3.446.0. 0.8 of a point under its day high, well827 words
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Article141 1994-01-08 12 +32.49 French shares ended at a new record high, with the CAC-40 index up 1.43 per cent at 2,307.55, after the market rallied sharply in the afternoon, traders said. The market, which was flush with retail investment funds, was looking for a reason to buy and seized on US141 words
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Article119 1994-01-08 12 +2.49pc Three Stockholm bourse indices closed at all-time highs on Friday on strong buying interest which dealers expected to continue next week. The OMX-index rose 2.49 per cent to 1.150.48. The top-16 index gained 2 per cent to 1,531.61 while the all-share index finished 2.45 per cent higher to119 words
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Article169 1994-01-08 12 +4.38 German share prices recover strongly in post-bourse with US investors buying. Dealers also attributed gains to end-of-wcek position squaring, many players having gone short in last few days. The Ibis DAX ended up 4.38 points on the day at 2,225.01, and up from floor close of 2,211.64. Frankfurt169 words
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Article147 1994-01-08 12 +8.81 Belgian stocks hit a record high in rccord volume because of the effects of falling interest rates and a sharp rise in Dclhaize LcLion SA stock, traders said. The Bel-20 index of blue chip stocks rose 8.81 points, or 0.6 per cent, to 1,498.22. In early morning trading,147 words
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Article136 1994-01-08 12 -1.44 pc Italian stocks closed lower on continuing uncertainty over the timing of the election and who will run the government in the lead-up to the poll, traders said. They said the election uncertainty and dashed hopes of interest cuts, after the Bundesbank failed to lower rates on Thursday,136 words
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Article268 1994-01-08 12 -0.77 After a consecutive scries of record highs. Dutch shares ran into a squall of profittaking. The AEX index, earlier pushed to a new all-time in-tra-day high of 425.41 on a wave of institutional and private client, was dragged back by option market activity to 422.80. 0.77 down on268 words
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Article253 1994-01-08 12 11.03 Swiss shares closed at a new record high. Dealers said the market received a final boost after US bond and share markets firmed on the back of yesterday's employment data. The SPI stood at 1,925.41. a gain of 11.03 points compared with Thursday. The SMI firmed 20.5 to253 words
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Article314 1994-01-08 12 +31 Resilient gold shares took the overnight dive in the gold price in their stride. limiting losses in early reaction before heading higher again on the back of a recovery in bullion to the USS39O/91 resistence level. The JSE industrial index ended 31 points higher at 5.750. while the314 words
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Article285 1994-01-08 12 1.56 Toronto stocks edged higher in early trading with a sluggish market seen yesterday after Thursday's record close. The TSE 300 composite index rose 1.56 points to 4,426.99 in early turnover of 17.21 million shares valued at C 5202.33 million. The TSE soared to a third straight record close285 words
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Article602 1994-01-08 12 Vienna Jan 7 Asch MM imo j» Rjnk \u»ru<Pt UO I < iommu 1050 5 Huglulrfi i"-* 2 Lrn/int 1140 I rvkjm W McmDP 174 -4 Vtjhjf I T*5 l»* IUmm it* 5 K'ncifrcif 42T 1) Source: Bank Nasdaq Jan 6 TS$ \dolph oors Brewing l*» l>8 VI \ppk- >602 words
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Article807 1994-01-08 12 +4.5 The Dow Jones industrial average, which rose 5.06 points on Thursday to close above 3.800 for the first time, was ahead 4.50 points to 3.808.38 at II am EST yesterday. The New York Stock Exchange composite index was ahead 0.22 to 259.22. while S&P 500-stock index was807 words
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Article, Illustration3163 1994-01-08 13 Reuter HONGKONG Heavy profit-taking by local and overseas investors sent share prices to a sharply lower close in record turnover, brokers said. But they said bargain hunting emerged intermittently during the volatile day and stocks ended well above their lows. The blue chip Hang Seng Index closed down 373.02Reuter; Source: Bridge Info; Source: Bridge Info| - 3,163 words
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Article, Illustration498 1994-01-08 13 THE Shanghai B market was less active yesterday with the CLSA B Index losing 21.75 points to 1,129.65. Many losers including Dajiang, Pilkington Glass, Jin Jiang Tower, and Tyre Rubber dipped between 3 and 4 per cent. Friendship Store was again the most active stock, slipping 1.7 per cent.498 words
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Article, Illustration2519 1994-01-08 13 Reuter TOKYO Stocks ended a roller coaster day firmer as buying by foreign investors and investment trusts prevailed in the end. The Nikkei Average closed 242.02 points or 1.35 per cent higher at 18,124.01 following the previous day's gain of 98.51 points. The broader-based Tokyo Stock Price Index ofReuter; Source: Bridge Info - 2,519 words
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Article, Illustration1815 1994-01-08 13 Reuter BANGKOK Institutions and individuals dumped Thai shares aeross the board following falls in other regional markets, brokers said. The SET index plunged 92.51 points, or 5.5 per cent, to elose at 1.575.43 on heavy turnover of 33.74 billion baht. Losers overwhelmed winners 292 to 38 with 36 stoeksReuter; Source: Bridge Info - 1,815 words
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Article, Illustration1148 1994-01-08 13 Reuter JAKARTA Share prices closed lower in slow late trading yesterday, with profit-taking dampening overall market sentiment. brokers said. The Composite Index ended 1.63 points lower at 607.69. "Profit-taking on the local side dominated market activity. But it was still within healthy limit after recent rises." said a dealer.Reuter; Source: - 1,148 words
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Article, Illustration2949 1994-01-08 14 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume l icn Hi* TSR97 15.598.000 Lien Hoe 13.189.000 Faher Group 10.133.000 kamunting 50c 9.816.000 MCB Hldgs 50c 9.782.000 Promel 9 407.000 Kcnong Bhd 50c 9 080.000 AM I )B 50c 8.735.000 FACB 50c 7.619.000 Tan t hong 50c 6.876.000Source: Bridge Info - 2,949 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5992 1994-01-08 14 Bernama KUALA LUMPUR Share prices closed lower yesterday for the second straight day on profit-taking with the benchmark Com- posite Index plunging another 4.6 per cent. The index finished 57.96 points lower to < 1,190.73 after falling 5 per cent on Thurs- day,Bernama; Source: Bridge Info - 5,992 words
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STOCK EXCHANGE OF SINGAPORE
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Article7029 1994-01-08 15 MAIN BOARD Transaction date: Jan 7 Gr Gr 1993 94 Last Vol Da; Last QacXf Dt» Oi« YM Net M Ca» lll*h Low Company Sale (-000) Hick Low Bayer Seller Or P/E tall INDUSTRIAL AND COMMERCIAL 1-100 260 l Aetna 1270 -20 471 1290 1230 1240 1280 12.5 2.1 1.07,029 words
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Article, Illustration1716 1994-01-08 16 Paul Leo - By Paul Leo SINGAPORE Late bargain hunting on the local share market yesterday helped to cushion hefty losses triggered earlier by profit-taking on regional bourses. At one stage, the benchmark Straits Times Industrials Index plunged 81.58 points the biggest single day decline this yearSource: Bridge Info; Source: Bridge Infoo - 1,716 words
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Article, Illustration146 1994-01-08 16 Paul Leo - By Paul Leo METAL CONTAINERS is poised for a correction despite the strong surge in price in the past two days. The share traded above resistance at 52.00 on Jan 6 and surged to an all-time high of 52.50 yesterday before easing to end at 52.42. Volume yesterday146 words
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Page 6 Advertisements
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Advertisement269 1994-01-08 6 "14- i- t A BUSINESS TIMES JOHNNIE WALKER CLASSIC PROMOTION 3m s Wf* wjessile (KMER WITNESS THE JOHNNIE WALKER CLASSIC 'UVE'! That's right! You could be one of the lucky four to win an all-expenses-paid-trip to witness the 1994 Johnnie Walker a business TIMES JOHNNIE walker classic PROMOTION Classic live'269 words
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Page 7 Advertisements
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Advertisement158 1994-01-08 7 B U S I N E S S TIME S TOLL-FREE TEL. No. 1 -800-741-1883 FAX: 74-1-1298 CAREER OPPORTUNITIES IN INDONESIA A major Jakarta Securities firm is looking for qualified candidates with university degree for the following positions: 1. SENIOR RESEARCH ANALYST (SRA) Degree in Finance or Accounting preferred. Minimum158 words
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Page 9 Advertisements
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Advertisement259 1994-01-08 9 Some look at the global Our customers see marketplace and see complexity opportunity. CHASE understands the nearly 50 countries—product special- But more importandy, it has helped complexities your company ists, professionals with an in-depth us bring our customers the ultimate faces as you raise, invest, move and knowledge of your259 words
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Page 11 Advertisements
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Advertisement41 1994-01-08 11 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. A n SPH Au4l o T x S•rv I c41 words
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Advertisement37 1994-01-08 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead I Make new business contacts through classification 203 in The Straits ©vjft Times Classified, cjlu 1737-1 I37 words
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Page 12 Advertisements
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Advertisement48 1994-01-08 12 SINGAPORE Business Times WE KNOW ASIA Address Mail or fax this form to: Postal Code Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation Fax |p|'-=iiif News Centre Singapore 1334 J#? §SP Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) Wi BTfwrrVaVD7ot9« I48 words
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Page 13 Advertisements
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Advertisement6 1994-01-08 13 BusinesslT Every Monday, in Business Times6 words
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Page 14 Advertisements
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Advertisement18 1994-01-08 14 on your firsi clciie is one {Ling. %Li you del /o give her later on is even heiier.18 words
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Page 15 Advertisements
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Advertisement21 1994-01-08 15 REGIONAL ANALYSIS Every Wednesday, in Business Times Use the for more focused advertising. Toll free Tel No 1-800-741-1883 Fax No: 741-129821 words
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Page 16 Advertisements
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Advertisement726 1994-01-08 16 T01.1.-I Rl-li II I No 1-800-741-1883 -I AX 741-1298 i i I r 1 AFTER 5J P v Your day may be over JRj But your night is just beginning! H Get a drink, go dancing, hear W W the latest hit, see the hottest jB band in town... J726 words
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Advertisement335 1994-01-08 16 BROKERS' STOCK PICKS in Personal Finance and Investment on Saturdays In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of SIN HUP BEE PRIVATE LIMITED (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE if HEREBY GIVEN that pursuant to Section 308 of the Companies Act.335 words
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Executive Lifestyle
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Article, Illustration1572 1994-01-08 17 Jaime Ee - Lose weight, stop smoking and start exercising great resolutions, but how long do they last? Jaime Ee finds out Jaime Ee ANOTHER year, another resolution, so say the diehards, as they dust off the old Stairmaster and promise to be slim and healthy in1,572 words
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STRAWS IN THE WIND
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Article62 1994-01-08 17 A HORSE PUNTER who used to be wary of giving out tips about potential winners at the race track was more generous with his stock tips. Asked about his change of heart, he replied: "Aiya, don't you understand? With horses, once news gets out, the payout drops. But with62 words
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Article76 1994-01-08 17 THE TYPE of idiomatic expressions people use, we believe, tend to change according to the kind of work they do. For example, have you heard the one about not being able to see the wood for the trees? Well, here's what two theology students have made of it. We76 words
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Article59 1994-01-08 17 WANT to know how far we've gone into the age of electronic mail? A colleague picked up somebody's phone, and told the caller that the person he was looking for was not in. "Can 1 take a message?" the colleague asked helpfully. The caller replied: "Does he59 words
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OPINIONS
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Article, Illustration966 1994-01-08 18 Tye Kim Khiat - Tye Kim Khiat wonders about the near homogeneity of today's youth Tye Kim Khiat The writer is a BT copyeditor EAST, west, north or south, one fact of life is incontrovertible: the near homogeneity of today's youth. Is this the global generational revolution that is unfolding966 words
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175 1994-01-08 18 CC Urn - LETTERS TO THE EDITOR CC Urn THE current bull run in the stock market and the entrance of a large pool of new investors have resulted in the demand for brokers' services far exceeding its supply. Many investors are experiencing difficulties in contacting175 words
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75 1994-01-08 18 Ang Boon Hai, Eddy - Ang Boon Hai, Eddy AS A stock market investor, 1 find that the name Overseas Union Trust Limited (OUT) is misleading, as it is actually a finance company and not a "trust". The company and the Stock Exchange of Singapore should look in-75 words
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Article, Illustration767 1994-01-08 18 Shahiron Sahari - Shahiron Sahari gives his two cents' worth on whether bodybuilding is a sport or not Shahiron Sahari The writer is a BT journalist THE age-old "Is bodybuilding a sport 7" debate which must have been with us since the time of Hercules and Atlas (Charles,767 words
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PROFILE
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Article, Illustration3988 1994-01-08 19 Adam Gopnik - The sordid courtroom drama surrounding Woody Allen signalled a fall from grace for America's favourite funnyman. Adam Gopnik asks if Allen's fellow Americans ever really knew him Adam Gopnik The New Yorker WOODY ALLEN'S ordeals have become for the Nineties what the trials of OscarThe New Yorker - 3,988 words
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PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration57 1994-01-08 20 Those polled on their views of the Singapore stock market lor the week ahead: Alliance Securities, Baring Securities. Crosby Securities. Daiwa Securities Singapore. DBS Asset Management, Kav Hian James Capel. Kim Eng Securities. Morgan Grenjell Asia Securities. OCBC Securities. Phillip Securities. Peregrine Securities. Schroder Securities.57 words
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Article371 1994-01-08 20 Alliance Securities (Jan 7) Isetan Buv on weakness/CPF buy. Laggard stock trading at discount to book NTA/share of $5.88. Becomes more attractive if valued against appraised NAV/share of more than S7. Baring Securities (Jan 7) DBS Land Expect strong earnings growth over next three years from five residential projects.371 words
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Article, Illustration197 1994-01-08 20 Vickers Ballas The Shanghai 'B' share market, led by the sharp rises of Jinqiao Export and Outergaoqiao. outperformed Shenzhen last month. The Shanghai 'B' share index ended at 102.9, up 23.09 per cent against Shenzhen's 3.56 per cent on Jan 5. Shock waves reached theSource: Vickers Ballas - 197 words
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Article, Illustration197 1994-01-08 20 Rosanna Lam - Rosanna Lam Director, Wardley Investment Services (Hongkong) Ltd U\l7 E have seen a %/m/ tremendous T rise in value from the non-Japanese Asian equity markets in 1993. which I believe is a reflection of unprecedented economic change. One of the most overlooked transformations taking place in the197 words
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Article, Illustration1065 1994-01-08 20 Ouak Hiang Whai - But they tell Quak Hiang Whai that it's time for caution and greater selectivity Ouak Hiang Whai Regional markets bear watching closely, but they have not run their course yet, say fund managers. However, they advise reallocating commitments to lagging markets whenever1,065 words
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Article, Illustration442 1994-01-08 20 Lilian Ng - Some regional funds more than doubled their value last year, reports Lilian Ng Lilian Ng The writer is a free lance writer who contributes regularly on investment subjects NINETEEN nine-ty-three, they say, was a year when even novices would have no difficulty making442 words
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Article885 1994-01-08 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking n at January 3 1994 S S S S S N Singapore Strain Times ***** 20?74 3*55 5*12 6*22 110.19 Credit Lyonnais Singapore Gr 28 07 69 13 13 10 24 68885 words
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Article, Illustration763 1994-01-08 21 Paul Leo - The recent recovery in prices marks the beginning of a major bull run for precious metals, reports Paul Leo Paul Leo Think precious metals this year. The bull run in the stock market is already one year old but the bull run inSource: Bloomberg - 763 words
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Article, Illustration509 1994-01-08 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari IT WAS all quiet on the golf market front last month, with little trading activity and sellers advertising lower prices, presumably to cash-in in order to enter the much noisier stock market. Consequently, the Business509 words
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581 1994-01-08 21 Alan Boyd - Samart's strong growth prospects has endeared it to Thai investors, says Bangkok correspondent Alan Boyd Alan Boyd SAMART Corp, a small telecommunications firm that beams satellite movies from Singapore, emerged as the best buy on the stock market581 words
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Article, Illustration951 1994-01-08 21 Thomson Financial Services examines directional counters THE blue-chip stocks to look at for market direction arc Keppcl. Frascr Neave and SIA Foreign B. based on the blue chips vs the index ehart. For performance, lowerpriced stocks seem to be better, including Chuan Hup. Hwa HongSource: Thomson Financial Services - 951 words
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Article, Illustration1216 1994-01-08 22 DAVID BRAZIL - Travel Notes By DAVID BRAZIL The writer is a freelance journalist who contributed this article to Executive l ifestyle ASIAN invasion, rice eyes, curry muncher, slopehead. These are just a few of the nasty terms recently heard in New Zealand, as some Caucasian KiwisPhotos by David Brazil - 1,216 words
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Article, Illustration796 1994-01-08 22 Susan Tsang - Susan Tsang finds out what's in store for local movie audiences in the months ahead. She also picks her top 15 movies of the past year Susan Tsang Resolutions come and go, but one thing that remains constant is the joy of sitting in a darkened796 words
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858 1994-01-08 22 LAST year was a good one for local movie-goers. We got to see the blockbusters that all the movie magazines were talking about without having to wait too long for most of them, and there was a healthy dose of the intelligent, arty stuff as858 words
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Article, Illustration370 1994-01-08 23 Jaime Ee - Jaime Ee eavesdrops on some New Year resolutions Jaime Ee SOMEWHERE in Singapore this morning, a husband and wife wake up and look at each other. It is not their normal habit to do so, but they do it anyway. "What's wrong?" he asks blearily. "Did IJENNIFER CHUA - 370 words
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SPORTS
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Article, Illustration528 1994-01-08 24 C.olf AP CARLSBAD, California Dave Stockton, who dominated the senior tour in 1993, led the regular PGA players on Thursday in the first round of the Mercedes Championship, the first tournament of the 1994 pro golf tour. Stockton, playing from the sameAP - 528 words
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284 1994-01-08 24 AP PERTH. Australia Petr Korda swept aside a challenge* from Bernd Karbacher last night to lift the top-seeded Czech Republic to victory over Germany in the final of the Hopman Cup team tennis championship. Korda trounced Karbacher 6-3. 6-4. to give the Czechs a winningAP - 284 words
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Article, Illustration41 1994-01-08 24 Reuter NEW YORK US figure-skating champion Nancy Kerrigan grimacing in pain after an unidentified man attacked her with a blunt instrument following a practice session on Thursday. She was later treated for severe bruising of her knee. ReuterReuter - 41 words
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SPORT SHORTS
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Article, Illustration134 1994-01-08 24 AP NEW YORK NBA on Thursday: Charlotte 110 Portland 116: Milwaukee 86 NY 92; Golden State 102 San Antonio 98. Reuter MIAMI Manutc 801. upset by a lack of playing time, has asked the Miami Heat to release him. The centre has played 47 minutes in six games. HeAP - 134 words
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Article, Illustration282 1994-01-08 24 AP AFP AP CARLSBAD. California Nick Price of Zimbabwe was hon- oured here on Thursday, receiving the 1993 "Player of the Year" award from his fellow players on the US PGA Tour. Price had already won similar awards from the US PGA and the Golf Writers Association. Price. 36.AP; AFP; Photos by Chris Loh - 282 words
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Article, Illustration35 1994-01-08 24 Reuter NEW YORK NHL on Thursday: Boston 5 Winnipeg 4; Hartford 1 St Louis 2; Toronto 6 Ottawa 3: Chicago 2 Anaheim 6; Dallas 8 Philadelphia 0; San Jose 3 Detroit 10. ReuterReuter - 35 words
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PEOPLE
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Article, Illustration292 1994-01-08 24 GETTING A Christmas tree in modern times requires a cheque book and not a woodcutter's axe. Some 250 guests at the Raffles' Gala Christmas Tree Dinner and Auction were not short of that. President Ong Teng Chcong and the First Lady. Mrs Ong. were the guests of honour292 words
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TIME OFF
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Article, Illustration723 1994-01-08 25 Shahiron Sahari - Shahiron Sahari checks out the newcomer on the entertainment block Shahiron Sahari SPARKS Disco, on the seventh floor of the mammoth Ngee Ann City, is itself a mammoth enter tainment centre likely to have something for everyone, even those who get bored easily. Like the723 words
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Article334 1994-01-08 25 Peter Pan JM Barrie's poignant story about the boy from Never Never Land and his cohorts which encapsulates the dreams of childhood and fears of growing up is given a fresh treatment in this pantomime by the Stage Club. Today: 2.30pm and 7.30pm; tomorrow: lpm and 6pm: at the334 words
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Article351 1994-01-08 25 Lunchtime Lunacy This madcap collection of comic sketches is created on the spot by the improvisational comedy team. The Madhatters. Jan 14. 12.30pm at the Shell Theatrette. Free admission. SSO Anniversary Concert The SSO celebrates its 15th birthday with a bang in this concert featuring percussionist Evelyn Glennie. Together351 words
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Article89 1994-01-08 25 The Blue Planet Produced with Nasa's help, this film takes you on a trip to space where the Earth seems suspended in a limitless void. We see how natural catastrophes have devastated life here. Too bad Man is intent on contributing to the destruction. I lam. 12pm. 2pm. 4pm.89 words
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Article, Illustration666 1994-01-08 25 China's Economic Takeoff: Lessons from the East Asian Experience. Organised by the Singapore Hainan Hwcc Kuan and the Singapore Society of Management, this talk in Mandarin is presented by Tan Hock, a senior lecturer at the National University of Singapore. Today. 2.30pm at the Hainan Hwee Kuan666 words
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Article111 1994-01-08 25 Nimble Fingers '94 A piano recital by the students of Quah Chiah Yuen to demonstrate their versatility with Classical. Romantic and 20th century composers. Jan 14. Bpm at the Guinness Theatre. Free, hut don 't he late. Hotline: Ms Quah 44V-0783. Snapshots of Pre-War Singapore Singapore's first111 words
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Article74 1994-01-08 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum GalIcria. Liang Court. Raffles City, Scot is. Specialists' Centre. Takashimaya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at .Metro stores, ll'isma Atria. Centrepoint and Tangs. Hotline: 269-2929.74 words
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EPICURE
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Article, Illustration867 1994-01-08 26 Jaime Ee; Susan Tsang - Jaime Ee and Susan Tsang cast their votes for their favourite restaurants of 1993 Jaime Ee and Susan Tsang YOU might as well call 1993 the year of pasta. Italian food was definitely the thing to serve if you wanted to open a hip eatery867 words
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Article802 1994-01-08 26 N K YONG - Win# By N K YONG OLD AUSTRALIANS are a rarity productions in those days were minuscule, and most have long since been consumed. It was therefore a great pleasure to taste a Lindeman's Hunter River Burgundy 1965, one of Australia's most famous wines, hand-carried from Sydney802 words
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Article, Illustration297 1994-01-08 26 SAMPLING the best wines doesn't mean you have to head out for the wine regions of Burgundy or Bordeaux anymore. For the first time in this region, Singapore will play host to a major Bordeaux wine tasting event, featuring 50 Chateaux from the great 1982 vintage. Hosting297 words
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Article, Illustration1053 1994-01-08 28 3i?wfy V Raul Julia, Anjelica Huston and their creepy, ooky family are back, with a little addition. Lido I: 11; 1.30; 4; 6.30; 9.15. Jurong 4: 7.30; 9. 30. Empress 2: 1.15; 3.15; 5.15; 7.15; 9.15. Pavilion; 11; 1; 3; 7.10; 9.20. Yishun: 10.25; 12.30; 2.35; 4.50; 7.10; 9.15;1,053 words
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Page 17 Advertisements
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Advertisement160 1994-01-08 17 !;*">&`\.',[(;--%>~!]&'
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Page 18 Advertisements
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Advertisement46 1994-01-08 18 A BUSINESS TIMES JOHNNIE WALKER CLASSIC PROMOTION .A llHSfi f Bf§ v x :'*>|B[*-' SB* a*<& m $mumi Ss GUESS THE GOLFER WITNESS THE JOHNNIE WALKER CLASSIC 'UVE'! Check out Business Times today and on 10 11 Jan 94 Sponsored by: Organised b\: johnnic Business Tunes46 words
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Advertisement7 1994-01-08 18 REGIONAL ANALYSIS Every Wednesday, in Business Times7 words
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Advertisement41 1994-01-08 18 C BT welcomes r J letters from you. N k Please address them r < to; The F.ditor, K Business Times, Q r 390 Kim Seng Rd, j j S pore 0923. Letters C C should include your J contact numbers. S41 words
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Page 18 Miscellaneous
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Miscellaneous65 1994-01-08 18 hT-sTweotPvP his &p\sket is i HELLO uje-Re «M y upstpors Vfua- to* f\ uh\T£ chr»stwp*s....J o-.IH \r c AMOOATlOncwwamrslto.immmi tuA 9o+i DOONESBURY GARRY trudea u rSFMM PSHS!KS!^| I T&MtANUX- M HHC) 1 P MPOURB6STVUZINGTht Hg TASK FORCE TO STUP/THE UM...UHAT I MCBfTHEV I KNOUB* j CAMPAIGN TO CONTAIN HIS J65 words
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Page 21 Advertisements
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Advertisement16 1994-01-08 21 PLAY SMART Be part of the good life. Lifestyle. Everyday. SINGAPORE Business Times WF KNOW ASIA16 words
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Page 23 Advertisements
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Advertisement19 1994-01-08 23 CENTRE STAGE Keep in step with the culture beat The Arts. Every Monday. r I 1 Business Times mammtm19 words
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Page 24 Advertisements
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Advertisement108 1994-01-08 24 \JSIII PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday m Business Times WEKHOWAStA El^Primeroai<t<>nijth MSSImm t Abntk lq«4 nr MI Mjnliw Squire W-Ml Elf* Gtiran Ttl: 27HM2. CotiM W*k CMt hltf Ml -H bfAn lily SkMniM OMn Td JWHS, ML;. »01-32 Luckv PU/a108 words
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Page 25 Advertisements
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Advertisement121 1994-01-08 25 Fly 4 times a week to Cambodia (Every Tuesday, Wednesday, Friday Sunday) ANGKOR WAT, has been out of reach to tourists for decades. Now, people are rediscovering just what makes this temple one of the Seven Wonders of the World. QA—Op/a CAMBODIA INTERNATIONAL AIRLINES CAMBODIA INTERNATIONAL flies 4 times a121 words
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Page 26 Advertisements
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Advertisement267 1994-01-08 26 GENUINE taste OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BLK 833 «0103 ROYAIAfILLE BUKfT TIMAH ROAD SINGAPORE 1027 TEL267 words
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Page 27 Advertisements
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Advertisement618 1994-01-08 27 Sii Nothing Beats A Bud. Iftfflnfll OF High Tea OK Every Saturday, Sunday and e-yj? Public Holiday let our s. i! KJs help you on your feet and I lead you to the stage, i J From 3.00pm to 6.00pm, Connections is ea a II delightful spread. Adu,t 4 s$618 words
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Advertisement305 1994-01-08 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. y Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation. Singapore s only theme karaoke lounge. So pop over305 words
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Advertisement346 1994-01-08 27 <e> tt i s <e ]p« l/Videst appetiser choice. If we were to lay the appetiser spread at our monthly international lunch buffet down Orchard %f>ad, you (I have the widest choice in town. Literally and wonderfully. IQP Jor reservations, please call *****51. Italian 'Buffet for the month of mjh"*'346 words
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Page 28 Miscellaneous
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Miscellaneous2477 1994-01-08 28 TODAY'S TV TIBWa I mraS— 6.30 A Taste of Japan. M■ u. 8.00 Jungle Jack. 7.00 Today in Franc*(See Our EHwHcx 9-00 Keiab Kanak Kanak. Choice). 10.00 Heros On Hot Wheel. Cakap Besar, 3.30pm, SBC 12 Shelley Duvall's Bedtime Stories, 7.30 Berita 12 (M). ljf.l jl£ 10.30 Itobotoch 11. Deddy2,477 words
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